-=Owens-Illinois (OI) reported earnings on Wed 31 July 2019 (a/h)

Owens-Illinois misses by $0.07, beats on revs; guides Q3 EPS below consensus; guides FY19 EPS below consensus

Reports Q2 (Jun) earnings of $0.69 per share, excluding non-recurring items, $0.07 worse thanthe S&P Capital IQ Consensus of $0.76; revenues were roughly flat year/year to $1.80 bln vs the $1.76 bln S&P Capital IQ Consensus.

Co issues downside guidancefor Q3, sees EPS of $0.60-0.65, excluding non-recurring items, vs. $0.87 S&P Capital IQ Consensus.

Co issues downside guidancefor FY19, sees EPS of $2.40-2.55, excluding non-recurring items, vs. $2.88 S&P Capital IQ Consensus.